The organic fertilizer market is estimated to be valued at USD 12.31 Bn in 2024 and is expected to reach USD 18.63 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
Figure 1. Organic Fertilizer Market Share (%), By Region, 2024
The organic fertilizer market has been witnessing significant growth in recent times due to the rising awareness about the harmful effects of chemical fertilizers. Organic fertilizers are made from natural wastes from animals, food processing or plants and help enrich the soil with essential nutrients. They improve soil structure, water retention, and provide a balanced release of nutrients to plants. As people focus more on sustainable agricultural practices that minimize environmental pollution, the demand for organic fertilizers is growing globally. Governments in various countries are also encouraging farmers to adopt organic fertilizers through subsidies and awareness campaigns.
Market Dynamics:
The global organic fertilizer market is driven by various factors such as growing consumer preference for organic food due to rising health concerns regarding the residues of chemicals in food. Stringent regulations restricting the use of synthetic fertilizers, increasing demand for high-value crops, and encouragement by various government bodies. However, the market growth can be hindered due to the high costs and manufacturing challenges of organic fertilizers. Issues with large-scale production and supply also restrict the market growth. But various opportunities lie in growing organic farming practices, advancements in fertilizer manufacturing technologies, and collaborations between manufacturers and farmers. Technological innovations are helping lower production costs and expand supply.
Key Features of the Study:
- This report provides an in-depth analysis of the global organic fertilizer market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global organic fertilizer market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Yara International ASA, PT Pupuk Kalimantan Timur, BASF SE, FMC Corporation, Lallemand Inc., T Stanes & Company Limited, Madras Fertilizers Limited, Cropmate Fertilizers Sdn Bhd, Midwestern BioAg, Biostar Renewables, LLC, NatureSafe, Biolchim Spa, Rizobacter Argentina S.A., National Fertilizers Limited, Gujarat State Fertilizers & Chemicals Ltd., String Bio, Rashtriya Chemicals & Fertilizers Ltd, Agrinos, Biomax Naturals, and Symborg (Corteva Agriscience).
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global organic fertilizer market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global organic fertilizer market.
Detailed Segmentation-
- By Source:
- Plant Origin
- Animal Origin
- By Form:
- By Application:
- Cereal and Crops
- Fruits and Vegetable
- Lawns and Turfs
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- Yara International ASA
- PT Pupuk Kalimantan Timur
- BASF SE
- FMC Corporation
- Lallemand Inc.
- T Stanes & Company Limited
- Madras Fertilizers Limited
- Cropmate Fertilizers Sdn Bhd
- Midwestern BioAg
- Biostar Renewables, LLC
- NatureSafe
- Biolchim Spa
- Rizobacter Argentina S.A.
- National Fertilizers Limited
- Gujarat State Fertilizers & Chemicals Ltd.
- String Bio
- Rashtriya Chemicals & Fertilizers Ltd
- Agrinos
- Biomax Naturals
- Symborg (Corteva Agriscience)